In 2021 the average monthly incomes (cash and non-cash inflows) of the population in Georgia amounted to 1 360.2 million GEL, which is 13.9 percent increase compared to 2020, the National Statistics Office of Georgia (Geostat) said on Wednesday, stating that “the main source of incomes for households are cash incomes and transfers which decreased by 0.8 percent point year-on-year and reached 86 percent.”
Geostat suggested that in the last year average monthly incomes increased by 11.0 percent per household, by 13.5 per capita and amounted to 1 221.8 GEL and 364.8 GEL correspondingly.
Per the agency the amount of households' total incomes in urban areas increased by 12.7 percent to GEL 842.6 million, while that of rural areas increased by 15.8 percent to GEL 517.6 million.
“ In 2021, the income from wages has a significant contribution in the structure of cash incomes and transfers, the share of which decreased by 1.9 percentage points year-on-year and amounted to 45.9 percent,” Geostat said.
It stated that the share of income from self-employment increased by 0.8 percent and equaled 10.2 percent.
“Also, the share of income from pensions, scholarships and social assistance decreased by 0.8 percentage points compared to the same period of the last year and amounted to 22.6 percent.”
Geostat said that in the last year the average monthly expenditures of the population in Georgia amounted to 1 289.5 million GEL which was 14.4 percent increase in comparison to the previous year.
“The average monthly expenditures per household increased by 11.5 percent and was equal to 1 158.3 GEL, while the average monthly expenditures per capita increased by 14.0 percent and amounted to 345.9 GEL.”
In 2021, the share of household cash consumption expenditures in total expenditures was nearly the same compared to 2020 year and equaled 70.1 percent.